The Morning Headlamp, 48 days until Juneau: Canadian LNG into Juneau…AKLNG’s global potential…And a big week for AK…

Growing Supply and Demand for LNG. Pieces in LNG Industry and Natural Gas Intel highlighted the continued significance of the AKLNG project to the future of Alaska’s economy. Specifically, Alaska’s LNG export potential is in a perfect position to meet growing energy markets around the world. Strong economic growth in the Asia-Pacific region has stimulated high gas demand for the future. Growing demand, coupled with limited domestic supplies, has led to predictions that Asian countries will be reliant on gas as LNG for decades to come. However, it is worth noting that recent estimates indicate that Canada has discovered an “astronomical” surplus of natural gas. Both demand and supply for LNG is strong and predicted to grow for years to come.  AKLNG could be well positioned to compete globally, but it must work to keep costs low to be successful.

A Big Week for Alaska’s Future. Alaskans need to watch their state this week, there’s too much at stake not to pay attention. From tax credits and AGDC board votes on AKLNG to Governor Walker’s trip to Washington DC, let the Headlamp keep you up to date on what you need to know this week.

Canadian gas, not Alaskan.  The Alaska Dispatch News covered reports that Juneau’s electric utility, Alaska Electric Light and Power’s recent sale to Spokane-based Avista Corp., could have big implications for the city’s energy. Avista wants to use what it’s calling a “virtual pipeline” to ship liquefied natural gas to Juneau, where it would be restored to a gas and piped to homes and businesses through a new distribution system. What Avista is proposing, said spokesperson Jessie Wuerst, is to buy natural gas in Canada, having it converted to LNG, and then moving it to Puget Sound in large, trailer-size vacuum flasks. Though AKLNG is far from completion, this deal serves as a reminder that the Alaskan energy market is competitive and ongoing LNG projects deserve full respect and attention of partners.

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First Reads

Alaska Gov. Walker to attend tree-lighting in DC, testify before Senate committee
Alaska Dispatch News, November 30, 2015

Canada Has More Than Enough Gas For LNG Exports, Report Says
Natural Gas Intel, Gordon Jaremko, November 30, 2015

Juneau may look to Canadian natural gas to lower energy costs
Alaska Dispatch News, Pat Forgey, November 27, 2015

A maturing market
LNG Industry, November 30, 2015

Governor picks well for AGDC: Former mayor Hopkins brings wealth of municipal experience
Fairbanks Daily News Miner, November 30, 2015

 

Alaska Energy News

Encana to scale back drilling in 2016, focus on moving gas
Alaska Highway News, Jonny Wakefield, November 30, 2015

Alaska’s rocks keep drawing explorers searching for oil, gas: Fuel for Thought
The Barrel, Tim Bradner, November 30, 2015

Alaska’s Walker Announces Two Agreements
Bond Buyer, Kyle Glazer, November 30, 2015

Texas company eyeing new oil pool in Alaska’s Cook Inlet
Fuel Fix, November 30, 2015

Feds block oil companies from passing new pipeline taxes to state, independents
Alaska Dispatch News, Alex DeMarban, November 30, 2015